Originally Posted by
Brugge
Also a poster on another thread says when he gets a new cc, he SMs the bank to lower the CL to $5K. He thinks that releases the rest of the CL for his next approval without having it get locked up first. Is he right about that?
I don't think that will work. I lowered my CL via SM on multiple cards on my own before applying for my second Exec card, thinking that would free up CL capacity, but it didn't work. They approved me for a second Exec card with a limit much lower than the CL I voluntarily released. Based on that experience, I think the 3-6 month lock applies no matter how you give credit up. I suppose it's possible that there is some loophole in the system that applies only to brand new cards, but the cards I was dropping the CL on were only open for a month or two.